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    Business
  3. Study Set
    Macroeconomics
  4. Exam
    Exam 3: Demand, supply, and Price
  5. Question
    FIGURE 3-3 Refer to Figure 3-3
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FIGURE 3-3 Refer to Figure 3-3

Question 21

Question 21

Multiple Choice

  FIGURE 3-3 Refer to Figure 3-3.At a price of P<sub>2</sub> there would be excess demand equal to A) 0. B) Q<sub>1</sub>Q<sub>5</sub><sub>.</sub> C) Q<sub>2</sub>Q<sub>4</sub><sub>.</sub> D) Q<sub>1</sub>Q<sub>3</sub><sub>.</sub> E) Q<sub>3</sub> Q<sub>5</sub><sub>.</sub> FIGURE 3-3 Refer to Figure 3-3.At a price of P2 there would be excess demand equal to


A) 0.
B) Q1Q5.
C) Q2Q4.
D) Q1Q3.
E) Q3 Q5.

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